FDAnews Drug Daily Bulletin

BMS’ $2.5 Billion Hep C Wager Bombs as Company Stops Drug Development

Aug. 28, 2012
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Bristol-Myers Squibb (BMS) is ceasing development of its investigational hepatitis C drug BMS-986094 following adverse heart and kidney events in a Phase II trial that resulted in one patient’s death and eight other hospitalizations. The termination will set BMS back $1.8 billion in the third quarter, spokesperson Sonia Choi said.
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